Besides, there are at least one lakh individuals who are still waiting to register their flats while nearly 60,000 others are yet to be handed flats long after their possession date, stated the white paper, issued by citizens' platform Noida Dialogue and private body Namo Seva Kendra.
Come with clean hands, adhere to the law, else suffer, says UP RERA Chairman Sanjay Bhoosereddy. Speaking exclusively to Moneycontrol videos, the newly appointed UP RERA Chairman said that decision on delinking flat registration from pending dues is expected to come within a month. Bhoosereddy spoke on a variety of issues including proposed changes in QPR mechanism, necessary changes in bank mandates by builders for RERA registration of projects and training and educating agents as well as homebuyers. Watch the full interview!
The public notice comes after Investors Clinic skipped a hearing on June 12, scheduled by the UP Real Estate Regulatory Authority (RERA).
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) had issued recovery certificates against Munaf Patel, a director in real estate firm Niwas Promoters Pvt. Ltd, after receiving complaints of non-repayment from several investors in the Oneleaf Troy project in Greater Noida West.
Promoter Jaiprakash Associates Limited (JAL) obtained OC for the last two towers, 11 and 12, of the project from Noida Authority on November 17, 2022.
The Supreme Court judgment has defined the constitutional validity and ambit of RERA. This will set a precedent for RERA in other states, but it is difficult to say whether the apex court has set the tone for builders to fall in line.
The virtual hearing of the cases will be continued in its present form, the authority has said.
The developer has been directed to deposit an upfront amount of Rs 1 crore in the separate account of the project.
UP RERA holds discussions with five defaulting realtors; developers to give possession within three to six months
The real estate regulatory body is awaiting clarity on the duration of the lockdown
The UP RERA authority promises to look into the matter.
Greater Noida bench has heard 600 cases and Lucknow bench has heard 500 cases since it was set up in September this year
An adjudicating officer and a reconciliation officer to be appointed soon to handle compensation and resolve issues amicably out of court